貨幣數(shù)字化研究
本文選題:數(shù)字貨幣 切入點:信用 出處:《吉林大學》2013年博士論文 論文類型:學位論文
【摘要】:本文以馬克思關于實體貨幣與計算貨幣關系的理論為指導,深入地研究了在信用經(jīng)濟高度發(fā)展的當代,數(shù)字貨幣如何突破實體貨幣的限制迅速擴張,滿足貿(mào)易和資本運營的需要,推動貿(mào)易和生產(chǎn)的發(fā)展,推動整體經(jīng)濟的發(fā)展;與此同時,本文又研究了數(shù)字貨幣的擴張必然受到實體貨幣和實體經(jīng)濟的限制,一旦數(shù)字貨幣擴張過度,就會發(fā)生貨幣危機;谶@一基本理論,本文首先研究數(shù)字貨幣的概念,,指出貨幣數(shù)字化是貨幣職能的要求,實體貨幣在執(zhí)行貨幣的五種職能時轉(zhuǎn)化為數(shù)字貨幣,在執(zhí)行貨幣的資本職能時轉(zhuǎn)化為未來的數(shù)字貨幣;進而從數(shù)字貨幣視角對傳統(tǒng)的貨幣數(shù)量說進行分析,指出真正有意義的貨幣供給是流通中的數(shù)字貨幣而不是銀行創(chuàng)造的貨幣,銀行只能根據(jù)交易狀況管理貨幣供給,并據(jù)此對中國的貨幣數(shù)量規(guī)律進行了實證分析,以期為我國央行制定宏觀貨幣政策提供理論參考;本文依據(jù)馬克思的貨幣危機理論對美國次貸危機的研究獨辟蹊徑,通過研究美國貨幣數(shù)字化膨脹過程指出,MBS、CDO、CDS等有價證券所代表的未來數(shù)字貨幣與現(xiàn)實貨幣的矛盾激化,導致以房屋表現(xiàn)的商品與貨幣的矛盾爆發(fā)是次貸危機的根源。最后依據(jù)馬克思的貨幣數(shù)量思想對美聯(lián)儲量化寬松貨幣政策進行了理論與實證分析。指出美國實體經(jīng)濟不振,美國公眾對美國經(jīng)濟信心不足,導致美聯(lián)儲發(fā)行的貨幣無法轉(zhuǎn)變?yōu)榱魍ㄖ械恼鎸嵸徺I力,不能刺激生產(chǎn),特別不能刺激制造業(yè)的生產(chǎn),增加的貨幣只能在金融市場中發(fā)揮作用。這是美聯(lián)儲量化寬松貨幣政策未達預期的根本原因。
[Abstract]:Under the guidance of Marx's theory on the relationship between real money and calculating money, this paper deeply studies how digital currency breaks through the restriction of real currency and expands rapidly in the contemporary era of highly developed credit economy. To meet the needs of trade and capital operation, to promote the development of trade and production, to promote the development of the overall economy; at the same time, this paper also studies that the expansion of digital money is bound to be restricted by real money and real economy. Once the expansion of digital money is excessive, there will be currency crisis. Based on this basic theory, this paper first studies the concept of digital money and points out that the digitalization of currency is the requirement of monetary function. The real currency is transformed into digital currency when it performs five functions of money and the capital function of currency is transformed into digital currency in the future, and then the traditional theory of monetary quantity is analyzed from the perspective of digital money. It is pointed out that the truly meaningful money supply is the digital money in circulation rather than the money created by the bank, and the bank can only manage the money supply according to the transaction status. Based on this, the paper makes an empirical analysis on the law of the quantity of money in China. In order to provide theoretical reference for China's central bank to formulate macro-monetary policy, this paper based on Marx's theory of monetary crisis to the study of the sub-prime mortgage crisis in the United States to create a unique path, The paper points out that the contradiction between future digital currency and real currency represented by securities such as MBS / CDO / CDS is intensified by studying the process of American currency's digital expansion. The root of the subprime mortgage crisis is the conflict between the commodity and the currency represented by housing. Finally, according to Marx's thought of monetary quantity, the paper makes a theoretical and empirical analysis on the monetary policy of quantitative easing of the Federal Reserve, and points out that the real economy of the United States is weak. The lack of confidence in the US economy by the American public has prevented the Federal Reserve from issuing money into real purchasing power in circulation, not stimulating production, especially in manufacturing. Increased money can only work in financial markets. This is the underlying reason why the Fed's quantitative easing policy has fallen short of expectations.
【學位授予單位】:吉林大學
【學位級別】:博士
【學位授予年份】:2013
【分類號】:F820
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